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OT:
Wow! I just got a call from our good friends at Bellwether - Ted, calling, instead of Nikki, about their newest, latest, greatest pick called South Shore (SSHO).
Well, I got the rest of my order filled at .0375; the first filled at 12:21 for 10,500; the second fill, at 2:18 for 14,500.
Hopefully, tomorrow will see the last of the nickel shares. Boohoohoo!
Looks like the train has left the station on my getting 25k at .0375. Got a partial fill, 10,500, but the bids are at .035 (there had been one at .0375) and the asks are solid at .04.
Well, I'm happy, and I'm sad. Sad, cause I liked the idea of 25k under .04, happy 'cause at .04, I'm that much closer to break-even!
Just got a partial fill at .0375 of 10,500 shares. The original order was for 25,000.
I haven't told my wife about the MDFY investment...this was a purchase I made long ago in the Bellwether days. I didn't tell her then, still haven't. The adult aspect had/has nothing to do with it. In fact, I had suggested to my wife a few years ago that a great way to make money would be through sex web sites. She wasn't interested. If, however, I can tell her next week that it has made 35k, she'll be thinking of how to spend this newfound wealth.
Also, the European attitudes towards nudity and sex are soooo different from the American view. We Americans censor a statue of Lady Justice because ONE BREAST was exposed!!! The horror of it...a naked tit! Meanwhile, google Page 2 girls, topless beauties all. In Britain.
My guess is that the English partners won't think anything other than, wow, good idea, what a way to earn revenue to get Medify Remote released.
I exchanged some emails with Nik over the weekend, for which I truly appreciate his prompt responses, especially since it was the weekend.
A few things from our exchanges:
I asked about the change to the Google Group becoming read-only:
"The Google group has been changed to read only ahead of it being closed down, as the comapny will be renamed on Tuesday."
Further, I asked, "speaking only for myself, I think the adult entertainment business is hugely profitable, and if the sites are promoted heavily, revenues would surpass the 4.5m target this year.I also think the MedifyRemote idea has great potential, and hope the new directors see that value so that the two divergent business lines can prosper and thrive."
Nik's reply:
"Thank you for your comments. The board certainly realise the potential offered by MedifyRemote and SystmOne Remote, or we would certainly not have put this much effort in, (it would actually have been much easier to carry on doing 504s until the shares were so diluted that was impossible), but it was also realised that unless we added a profitable division with actual revenues then we would not be able to continue with Medify full stop and the company would fold. Obviously this has absolutely zero value for shareholders.
It is most definately our goal to deliver several profitable divisions within the group."
Between JB's comments, Nik's comments, and the tremendous potential for revenue growth of the renamed company, assuming that there is a significant PR campaign including major wire services (both regular and financial news services), I am greatly encouraged. That said, however, I still have not told my wife about this investment.....something to do with buying Redhat near its all-time high.....but when, not if, this hits more than .10 and shows strong signs of moving higher, I'll tell her!
Edit: Finally, I really wouldn't expect much movement in the pps today....if there is a PR blitz planned to coincide with the official announcement and name change and new symbol effective sometime tomorrow, why use an abandoned symbol? Why waste the PR linked to "MDFY"? Use the new symbol for the PR. I would think that the volume today would be relatively light, except for those here looking to average down.....I did that already, so the pps doesn't have to move up very far for me to get to break-even. JMHO.
I put in an order for 25000 shares limit at .023 early in the day, modified from .02.
Nothing. I use Bank of America.
Pardon my naivette, but who is he?
Be more open about sex.
I suggest all look at the Petel, Ltd. website.
http://www.petel.co.uk/site/index.php?option=com_frontpage&Itemid=1
I did, and it seems as if the adult segment is part of Petel, but that there are other facets to the company.
Here is, hopefully, a link to a video I pulled from googling sexcube - don't worry, it is DEFINITELY "G" rated.
http://demand.global-mix.net/?o=sexqube-petel-vod/btv.wmv&.wvx=
It is from something called BirthdayTV.com.
I found 2 other working links that are very definitely ADULT. One is BritPornProductions.com, and the second is Tottymob.com. Draw your own conclusions.
DD is important to understand what we have got on the front burner.
Tjak: any idea about when/how we can get some financial data on Petel?
Just on a name change? I wouldn't think so.
Nothing is being exchanged, Nik said No reverse split, just the name and symbol should change, probably early next week, like 5-9-07, after the deal is effective.
We should, I would think, be able to get financials on Petel, so that we know whether or not there really was 500k in revenue this quarter.
MDFY is buying Petel by giving them stock. One of the unknowns is HOW MUCH. I presume we will learn next week.
Even with a name change and a symbol change, we should still have the same number of shares in this company. The amendment to be filed with the SEC and Delaware should only show a name change. Still, there should be 450m a/s, but I would guess the o/s will dramatically increase.
As for the 22.5m float.......
Why not advertise the sale in the adult industry? I agree that there should probably be a market.
Besides, both businesses can use the same device and the same technology to stream data content. Medical records, sex,,,,just don't stream Jenna Jameson to a doctor expecting renal test results!
EDIT: FWIW, I put in another buy order; don't know if it will go through, though. It hasn't so far.
Excellent point. If you want a pps rise, then make the PR a real PR that others know about. Why else bother releasing the info.
Tjak, I FULLY agree. This should be released to Yahoo;/Google and any other financial news, like Marketwatch or TraderNation to get some real traction. Even releasing it on a Friday afternoon while the market is open is better than nothing.
And, what about English financial news outlets. I know that their market is probably closed, after all, it is probably around 6 pm there now, and perhaps a push is planned for Monday, but GET THE NEWS OUT!!!!!
I think if the structure is that there is Petel, w/ two wholly owned divisions, with combined revenues, and market the hell out of each in industry mags, etc.
Yes, I would think that the MedifyRemote could be ported over for video on demand, and I'm sure it would sell.
Medify will sell the Remote units, but I should expect that Petel will keep the Medify division with the same name, because it has already been advertised and demoed in the UK; why toss that initial branding aside?
Now, there will also be $$ behind the legal threats to EMIS for screwing around with the templates. Pearl is read only; Medify is supposed to be read-write. And, with TPP and CSC and Vodaphone already on board, now there will be cash for a Medify rollout. I would think that, now, the Q2 for Medify should be establishing the base with rollout and demos, with REAL revenues in Q3.
I do think that, to the general public, (that's PUBLIC, not pubic) that Medify and Petel's new adult division should be kept separate. But, I think the technology can be used in both divisions.
I also don't think the pps will really change until there are financials to disseminate to show actual revenues. Then, we look real, not a flipper's after school project.
I'm safe for now, although I'm sure MCA can find something prurient about my moniker.
Clancy, I read your undeleted post. I can only answer for myself. If the idea of selling distributing recorded sex acts between actors and amateurs bothers you, then don't buy it and don't buy shares of MDFY or Petel.
Parenthetically, I think the "abused victims", while perhaps real to a small degree, is a debate for which this forum is the wrong place. This forum is for investing. If it offends your sense of morals, to which you have every right, then leave.
It does not offend me. What does offend me is someone telling me that, because it offends them, then I cannot view that which they, not me, finds offensive.
MCA, Tears came to my eyes from laughing so hard!!
Porn has huge revenue streams, tremendous growth, and the industry has been at the forefront in terms of utilizing the web for sales and distribution. A cash cow!!!
From a dollars and cents point of view, I think it's GREAT.
Remember our discussions about this some months ago?
First, I am a lawyer, licensed by and practicing in the state of Virginia.
Second,I am also admitted to practice in federal court; in my case, specifically, I am admitted to practice in the Eastern and Western Districts of Virginia (US District Court and US Bankruptcy Court), and in the US 4th Circuit Court of Appeals.
I have also practiced in the Southern District of New York (Manhattan) but that was for a particular case.
Most of the cases I handle are either in litigation or headed there. I also defend those folks charged with criminal offenses in both state and federal court.
I do NOT practice securities law, although I've gotten a great education lately here and with BHUB/TELA and reading up on BCIT.
Those are most of the disclaimers. The last disclaimer: I am not giving legal advise here - if you have questions regarding legal issues here with MSFY stock, dissemination of information, claims against the directors/officers, consult an attorney who does handle securities matters. I do not. So, any opinions I express here are simply my own personal opinions, and may or may not accurately reflect the true state of the law as to those issues. If I am right, great. If I am wrong, well, I told you that this is NOT my area of expertise and you should get your own lawyer, preferably one intimately familiar with Delaware corporate law as well as the various applicable Securities Acts and the SEC Rules and Regulations.
Whew. (I hate having to say that, but you know, some folks are sue-happy.)
It strikes me that some information might be considered inside info, but.....look at the nature of this forum. It is open to the public. It is free. You don't have to be a shareholder to read posts or contribute your own. Because of that, I would surmise that anything disclosed here, while perhaps aimed at a small but well informed group of investors, primarily, would not be considered "inside" information. Here's why.
Inside information is, as I understand it, information not generally available to other employees or the general public, and that has a material bearing on the company and its products/marketing/deals, etc. An insider, someone generally considered to be someone who owes fiduciary duties to the entity, and, by virtue of their position in the company, such as an officer or director, gains access to and discloses that information to select individuals, thereby giving those select individuals an unfair information advantage that others may not have that same information access.
Here, we all have access to the same information at the same time through a public forum. Because we have equal access, even if the information would be considered "inside" information, my guess would be that the MDFY officers making the disclosures are probably insulated from liability due to the nature of this forum.
In fact, you identified some very good additional reasons why I don't think there is an insider problem. You wrote:
"But these guys have been vague and non-detailed, for example ..
1. Talks of a merger occurring.
2. Not giving the name of the acquired company.
3. Not providing a definitive PPS figure (only an estimation based on other companies) upon announcement of the merger.
4. It will only benefit MDFY stockholders.
5. Etc. (I can probably bring up more points but right now I'm tired and do not feeling like going through previous posts.)"
Sure, JB has been teasing us, but he has also been rebuilding credibility, which he must have to be a salesman. And no, not everything has added up, in part because there is a paucity of information. See my point?
Now, if tjak alone got info from Ian or JB that the rest of us were not privy to, and he then bought additional shares in reliance on that info and profited, then there might be a legal problem.
What if this stock tanks? Do we have recourse? I really don't know the law well enough to even attempt an answer, even for myself.
As for your last query regarding the low pps, I would imagine that the three reasons you cite are probably correct. But, if MDFY is uplisted to OTC:BB, then more investors would be willing to take the risk. Let's face it....life on the pinks is a crapshoot. It's unregulated, largely, it's controlled by market makers who can make or break a stock, and the risk factors involved don't have a high appeal to most investors.....what pinks does Warren Buffett own?
So, if this goes to a higher board, I think there will be more visibility, greater investor confidence, and more institutional interest as well. Do you really think Jim Cramer would even bother to look at MDFY for a booyah? Of course not. At least, I think that is one of the immutable facts of life in the pinks that I have learned.
That is one reason why I think this acquistion is a good thing. There will be more visibility, more pressure to get the books in order to uplist, more revenues to attract investors....but all of these things will take some time. I think we are on the way. I think that we will see a very different pps in a year than we do now. Cheap shares? Sure. Get them while you can, and then sit on them. I think if we can clear the flippers, (I don't think we really have any public ones) then I think the pps will rise , certainly some next week, but especially when the deal closes and MDFY can include the target revenues on their balance sheet.
.....just my 2 cents.
OT: (sorta)
Well, hokiefan, we all have our crosses to bear.....even long suffering hokies such as yourself!
As I'm a loyal Wahoo, I was thinking of adding more, but then, I grew up very near Blacksburg, and spent many a Saturday afternoon in Lane Stadium back when Jerry Claiborne and Jimmy Sharpe ran the show....gotta love Beamer and Greenberg, whos bro just left to coach Radford!
I've always rooted for the Hokies when not playing the Cavaliers!
So I guess that most correspondence will close with "Rectally Yours"!
Too funny. My secretary has been wondering why I have been laughing so hard and so loudly.
All seriousness aside, streaming porn really is a great business model, good revenue streams, cheap labor, growing marketplace, though many Americans won't admit that they like to see porn.....
I stand corrected. You are right, of course. I doubt anyone has requested actual certificates, so everything is held in street name by the respective brokerages - in my case, Bank of America.
I've put together a list of folks here who have indicated they own shares of MDFY, along with a list of others who I think own shares, but either I'm not sure or else I forgot they said they did, and I threw in a few who probably used to but now may not.
The list has 37 ihub names; I looked at the google groups board, which has 49 members, several of whom are also active posters to this board.
Two questions:
1 - where does pinksheets.com get this info?
2 - anyone want the list posted?
And no, at the moment I didn't have anything better to do! (Good thing I didn't spill my lunch on the keyboard!!)
Since pinksheets says there are only 20 shareholders as of 4-4-07, who are they, besides tjak, solid, me, lem, mike.....
feel free to chime in, folks.
I take it that broad band is the method of information delivery, not necessarily that the product/market is some method of broadband television....for that, buy comcast or verizon...
I also rend to think that JB's email has a lot of JB's self-inflated impressions regarding Board of Directors members, and CNN market analysis.
Solid, I can understand your reticence in posting this.....my first impression was JB had been drinking too much (again), but there really weren't any of the typical misspellings, so I have to step back and wonder.
Like how is there a 300m market cap at $1/share.....I tried to check the ibox on the A/s and o/s and float, but found 72m outstanding shares on pinksheets w/ 450m authorized and a float of 25.5m**. Maybe that means that the acquired company's owners are receiving 225m shares.....
I've already bought a lot of shares....it the pps goes to $1, I'll be really happy; if it goes to $8, I'll be ecstatic, happier than a kosher pig in sh%t!
** From pinksheets.com:
Outstanding Shares: 72,301,305 as of 2007-04-04
Estimated Market Cap: 1.807M as of 2007-05-02 (based on Outstanding Shares as of 2007-04-04)
Authorized Shares: 450,000,000 as of 2007-04-30
Float: 25,577,008 as of 2007-04-04
Number of Shareholders of Record: 20 as of 2007-04-04
I thought they retired.......I guess the winner fights the Camacho/Duran winner?
Thanks for the info. I had thought that the 211 was, certainly, for getting a MM on board, but I also thought it was a necessary preliminary step for uplisting.
I guess I have a lot to learn about the SEC regs and filings before I start practicing securities law. (I knew my law school securtities adjunct was a flake; he just talked about the 1934 Act, not all the requirements regarding 5% owners, 10-k, 15c211s, etc.)
I agree, somewhat, with your premise, but, in my career, I have seen several businesses struggling while encountering seemingly endless delays.....the nature of which always varies.
But, on the bright side, we have independent third party verification of many transactions consistent with building this business. The MDFY acquisition (some might say a reverse merger) could be a real boon to the business. I would imagine the acquired company is in a business that complements the MDFY mission, but does not conflict with the business model MDFY is utilizing. So, the target has a business more established than MDFY, but not nearly so as its direct competitors. It probably needs more cash to grow, but no real vehicle to do so, i.e. its owners are tapped and revenues are coming in, but not enough for their expansion. MDFY gives a vehicle for raising capital, without the attendant expenses of going public. It is faster, cheaper, and, since MDFY is on the road to uplisting to the OTC:BB from the pinks, a higher investor visibility. Thus, more investors, more capital cash for expansion, less cost, a win-win all around.
And, when the subsidiary is going strong, MDFY can spin it off as a separate entity, public or private. Either way, MDFY benefits.
As an investor, the delays suck. As a businessman, delays are inevitable. The key is to keep things moving forward towards the goal, and be flexible enough to adapt to changing circumstances.
As for me, I am encouraged greatly. I could vent my spleen, but other than for me wasting bandwidth complaining, what does it get me? Another trip to the store for more Rolaids? Thanks, but no thanks.
I'm not saying criticism can't be justified, but bashing is only good for pump and dumpers, which I thought we outlasted long ago, allowing the board, the investors and the company to focus on legit business issues, such as the EMIS delay.
Pointed questions are good. Criticism for the sole purpose of criticizing, without positive alternatives, is a waste of time and serves no useful purpose.
-----just my $ 0.02!
I thought I saw a transaction this morning for that same share amount....perhaps I was wrong.
Just posted by Nik on the other board:
Dear All
I thought I would post following several enquiries received yesterday
following the acqusition announcement. I can confirm that there is no
reverse split planned concurrent with this activity.
The Company has no plans to action a reverse split. It is the view of
the Board that a reverse split is not necessary with this acqusition.
In the sector occupied by the new acquisition there are currently a
very small number of publically traded companies. These companies
offer an average pps of $7.67 as of close of play yesterday.
Futher details, including the identity of the new acquisition will be
announced next week.
I hope this answers the concerns raised.
Best Regards
Nik Ellwood
Medify Solutions Limited
Actually, it's a computer software company based in North Carolina that develops computer operating systems based on Linux for enterprise environments and for the desktop.
Good for you!! I'm waiting for the same thing to happen w/ a little stock I got a few years ago....that's done NOTHING as a stock. Maybe you've heard of it? Redhat (RHT)?
Yeah.....how about BHUB or TELA or LSMJ? Just what we need, Jack Sparrow coming to life as a MDFY executive?
Unfortunately for you (and me, too!), the crystal ball power algorithms are EMIS dependent.......
This was Nik's reply:
Dear Investor
Thank you for your email.
Whilst further details of the acquisition will be unveiled next week, I can confirm that the newly acquired company predicts a profit margin of 22% in 2007, rising to an average of 40% for the following 2 years.
I hope this helps
Regards
Nik
Nik Ellwood
Head of Sales and Marketing
Medify Solutions Limited
Email: nellw...@medifysolutions.com
Web: www.medifysolutions.com
Confidentiality Notice: This e-mail is confidential and intended for the use of the named recipient only. If you are not the intended recipient please delete it from your system and note that any use, dissemination, forwarding, printing or copying is strictly prohibited. Any views or opinions are solely those of the author and do not necessarily represent those of Medify Solutions Limited.
Encryptions and Viruses Please note that this e-mail and any attachments have not been encrypted. They may therefore be liable to be compromised.
Please also note that it is your responsibility to scan this e-mail and any attachments for viruses. We do not, to the extent permitted by law, accept any liability (whether in contract, negligence or otherwise) for any virus infection and/or external compromise of security and/or confidentiality in relation to transmissions sent by e-mail.
As always....thanks for the hearty laugh, especially after I just finished fighting with a federal judge. Good "article"!!
(Btw, we both won. She ruled the way she wanted - and as I thought she would - and I got the case information that I needed and accomplishing a couple other goals.)
I must be seeing something different...I looked at the Q1 report....I see decreased expenses, decreased A/P, a 211 filing in the final stages w/ a MM on board as a sponsor, I see MDFY set up to play both sides against the middle with TPP on one side and EMIS on the other (which makes me wonder why EMIS is f*cking itself w/ MDFY delays, since it is thereby hindering its own revenue streams), decreased total negative cash flow (yes, I know - 504s, but I'll play the Barclays Bank financing over that for right now)......
I agree w/ tjak and Maybank; IMO this looks good for long term holders.
Plus, this structure doesn't strike me as something that flipers would really be interested in. Besides, why would Spartan mess with this for a possible uplisting and 15c211 compliance if they, a third party MM, saw nothing there?
I know, but the filing was made and the "e" was supposed to come off 2 days ago.....btw, I'm only asking here 'cause there's no traffic on the TELA board...
I understand why BHUB isn't trading, even tho the 10 days have run....DTC caution, plus the TELA merger.....but.....
...why isn't TELA trading?
I've been playing w/ the ihub monitor....how close to real time is it?